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11/25/2008
Location
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US
Edited Date/Time
10/28/2022 7:19am
I figured it was time to discuss the -perfect example- of this president's ability to lie and deny the absolute truth about his failures and just how bad his administration is doing...
Let's talk about the word...indeed the term...
Recession.
What is a Recession?
Recession is a term used to signify a slowdown in general economic activity. In macroeconomics, recessions are officially recognized after two consecutive quarters of negative GDP growth rates. In the U.S., they are declared by a committee of experts at the National Bureau of Economic Research (NBER).
About the NBER, they usually don't get around to defining a recession until we're waaaay down the road and 'in one". However, the media and the experts call a recession out...USUALLY...as we approach one...as we see the 2nd quarter of crappy results...
But...if you listen to Little Miss "Look at ME" at the Whitehouse...there's no recession! Everything is FINE!
If you ask the president: "More jobs than EVER, Jack!" Does ANYONE ask him if we're back to pre-panickdemic levels? (Uh, no!)
His cabinet is reported to be "out and about" pressuring newsies to spin all economic reporting to the positive... I mean, COME ON...that's HILARIOUS!
CPI?
Infaltion rates?
Price of energy?
Market fluctuations?
Anyone take a look at Mortgage Interest Rate changes?
Just go buy a gallon if gas, a gallon of milk or a carton of eggs; but, don't go to the butcher-counter...your head might explode!
Alllllll the while, they're pushing their "pronouns" and their non-productive "green agenda" and their "build back better" stupidity...oh, and...let's not forget how they outright attack ANY Democrat that doesn't fall inline with their leftist insanity...anyone watch the Veeep as she shit all over language and reason, yesterday? Ouch!
Again, this "Recession" word-play" is just another example of HOW they change the meaning of words.
How they change the meaning of truth and reality.
And it's all happening right in front of us.
Again.
Let's talk about the word...indeed the term...
Recession.
What is a Recession?
Recession is a term used to signify a slowdown in general economic activity. In macroeconomics, recessions are officially recognized after two consecutive quarters of negative GDP growth rates. In the U.S., they are declared by a committee of experts at the National Bureau of Economic Research (NBER).
About the NBER, they usually don't get around to defining a recession until we're waaaay down the road and 'in one". However, the media and the experts call a recession out...USUALLY...as we approach one...as we see the 2nd quarter of crappy results...
But...if you listen to Little Miss "Look at ME" at the Whitehouse...there's no recession! Everything is FINE!
If you ask the president: "More jobs than EVER, Jack!" Does ANYONE ask him if we're back to pre-panickdemic levels? (Uh, no!)
His cabinet is reported to be "out and about" pressuring newsies to spin all economic reporting to the positive... I mean, COME ON...that's HILARIOUS!
CPI?
Infaltion rates?
Price of energy?
Market fluctuations?
Anyone take a look at Mortgage Interest Rate changes?
Just go buy a gallon if gas, a gallon of milk or a carton of eggs; but, don't go to the butcher-counter...your head might explode!
Alllllll the while, they're pushing their "pronouns" and their non-productive "green agenda" and their "build back better" stupidity...oh, and...let's not forget how they outright attack ANY Democrat that doesn't fall inline with their leftist insanity...anyone watch the Veeep as she shit all over language and reason, yesterday? Ouch!
Again, this "Recession" word-play" is just another example of HOW they change the meaning of words.
How they change the meaning of truth and reality.
And it's all happening right in front of us.
Again.
The Shop
Homes, vehicles, etc...
And we, for the most part, pay cash up front for anything we need.
Took a lot of work and sacrifice.
And, I'm lucky that my clientele aren't beholding to banks and interest rates in order to have us build their homes.
Sorry plowboy, but the wealthy in this nation are the only thing between us and a full blown depression.
Because it's damn sure not the government making things run as well as it is, considering the hurdles our government has put in place to strangle them.
I have a friend that's an appraiser he's losing business because he's giving honest home prices and not current market value. The buyers are happy because it gives them a honest look at what they have but both real estate agents and sellers are not. He's almost ready to take some money and go on a year hiatus/vacation with the old lady and kid around the world till the insanity stops. Had him come over to a 1 bedroom basic as basic can be condo for tenat looking to buy it. Nice people and best people to have lived behind my house in years. I honestly dont want them to leave as my property value goes up and down with who lives in this building. Anyways the unit that shares a wall with this one sold 6 months ago for 83k and in much better shape. This place the real estate agent has the owner convinced he can get him 130-120k. It apprised by my guy at 77k normal market and 97k in the current market. An increasee of 17% over the next door unit which is fair. It was funny watching the appraiser of the real easte guy trying to justify his appraisal of 126k. But as my guy said they might find someone desperate to buy it around 100-110 but it will never stay at that value in a normal market so it's only good as a starter.
Crazy times ahead people. I hope not but it's looking that way.
Suuuuuch a POS.
LGB
https://youtu.be/NKG5Vv-sk9g
Pit Row
Thank you
Look for the liberal media to list reasons why “a recession is good for you”…to match the previous “ why inflation is good for you” and why “high gas prices are good for you” articles…
Apple, Amazon, Google, Microsoft all posted poor earnings and below the mark reports. But our stock market is rocketing the last two days. What does that tell you? It is controlled by banks and hedge funds and is merely a laundering scheme. It no longer functions on logic or supply and demand.
2023 will be the worst year of this
Wealthy people put a lot of eats on my table...I didn't ask their politics. But those were just comfortably rich...not global economic changing rich.
It’s much more preferable to have steady $70 a barrel oil prices and ~$2.80 gas. You know, what we saw during Trump years.. Instead Biden and Democrats immediately went on the attack against fossil fuels, which reduced investment resulting in our record high prices..
His campaign stuff was clllllassic liberal insanity.
And, now, it’s here…right in our face.
November better bring some serious change in leadership or the oil and gas industry will likely start a serious “roll down” in operational infrastructure and production.
Why?
Because, when your government is making it VERY CLEAR that they don’t want you…
Well, you get the picture.
Even if things do turn around for the gas & oil industry, they’ll need to invest in creating their own banking mechanisms and they are gonna need to go “Balls Deep” on the lobbying side to make up for the damage that Biden/Kerry and Company have done. Yup, they’ve got to get their “access back”.
“Access Lost”…they’ve been pushed out of some of the best oil resources on the continent. From Alaska to Texas to Off Shore, the left has fucked it all up.
Biden is a shit President, there is no doubt about it. So I am not defending him.
And there is zero arguing that we are in a recession in almost all countries around the globe.
The definition is clear and cannot be argued.
Every country printed money like crazy through the pandemic, leaders from both the left and right around the world by and large did the same thing fiscally. Few people would argue that it was the wrong thing to do.
unfortunately it does come at a price, a price we are now paying
Macroeconomics 101
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